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17 January, 16:32

An automobile purchased for 22000 is worth 2500 after 5 years what's the value 3 years after it is purchased

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  1. 17 January, 16:45
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    (17,000-2,500) / 5=14,500/5=$2,900 is the annual depreation.

    17,000-2,900*3

    17,000-8,700=$8,300 value after 3 years.
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